July 2018

Found 2 blog entries for July 2018.

Welcome To Market Updates!

Here you will find a weekly update of housing market trends in different Chicago neighborhoods.

This week, we are looking at River North, zip code 60654

The median list price for townhomes and condominiums for this week is $519,000.

Inventory has been decreasing lately but the Market Action Index is falling, too. With days on market climbing, these appear to be market-slowing conditions, but it is at least partially due to seasonal fluctuations. 

Market trends River North July 25 2018

 

Supply and Demand

  • While prices have recently plateaued, this is a buyer's market and the supply of homes listed has started to increase relative to demand. 
  • This indicates that prices could resume a downward trend, however these are also seasonal
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How Foreigners Buy Real Estate In the US

 

International home buyers have been pouring billions of dollars in the US housing market in the last few years, to take advantage of the lower prices and the weaker dollar. 

But many foreigners find it difficult to understand and navigate through the home buying process, as it can be confusing and different from state to state. The fact that most foreign buyers are negotiating from abroad, doesn't make the process any easier. 

Most foreigners who buy a home in the US pay cash. However, since the US mortgage rates are generally lower than in their home country, more and more buyers are interested in obtaining financing for their second - or third - home in the US. Some lenders have specific programs

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